Relationship Administrator II

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Manages and services portfolio of complex real estate loans in support of Community Development Banking (Affordable Housing) and Commercial Real Estate lines of business. Majority of portfolio comprised of actively funding construction loans with low income housing tax credits, tax exempt bonds, and multiple co-lenders. Rest of portfolio comprised of actively funding loans for tenant improvements, leasing commissions and capital expenditures. Responsible for independently reviewing loan approval and loan documents prepared by legal counsel to ensure understanding of loan structure and servicing requirements. Works closely with loan closers, line of business and credit risk partners, borrower, co-lenders, subordinate lenders, legal counsel, construction consultants and inspectors, and title companies. Responsible for managing complex construction draw process, including reviewing construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budget, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Monitors documentation benchmarks, servicing requirements and exceptions, including principal, interest, fees and past dues.

Required Skills:

~Two or more years of previous commercial construction real estate experience, including knowledge of construction loan documents, budget monitoring, AIAs, lien waivers, title, etc.; commercial loan administration experience a plus.

~~Strong interpersonal skills; strong ability to influence, effectively collaborate and coordinate servicing activities with a variety of business partners and teammates.

~Strong organizational and time management skills; excellent written and verbal communication skills.

~Strong business acumen and problem solving skills; ability to analyze problems, recommend options, and execute solutions. 

~Ability to manage multiple and competing priorities and operate in an ambiguous environment or an environment where priorities may change quickly.

~Proficient computer skills, including Windows, Excel, Word and Outlook.

~Knowledge of Community Development Banking (Affordable Housing), LoanIQ, and ARIES a plus.

Desired Skills:

~Bachelors degree preferred.

Minimum Years of Experience:

2 years

Shift:

Hours Per Week: